DataGravity, a data management company based in Nashua, N.H., has raised $50 million in venture funding to help grow its line of products that help businesses better understand the types of data taking up space on their systems.
DataGravity touts its product as a data-aware storage platform. In addition to providing protection, and search and discovery capabilities, it helps businesses understand the types of information they have stored away on their systems. For example, co-founder and chief executive Paula Long said DataGravity worked with a local high school to uncover hundreds of files “the school didn’t want to be a custodian of,” such as old photos and e-mails, and student records from decades ago.
The company was founded in 2012 by Long and fellow tech veteran John Joseph. Long had previously founded New Hampshire-based EqualLogic, which was acquired by Dell for $1.4 billion in 2007; Joseph served alongside her at EqualLogic in an executive role. The two also worked together at legendary computer firm Digital Equipment Corporation.
The new funding comes from a group of well-known Silicon Valley-based venture capital firms, including Accel Partners and Andreessen Horowitz. CRV and General Catalyst Partners, which have offices in both California and Cambridge, are also taking part in the round. To date, DataGravity has raised $92 million.
What is the attraction of DataGravity for high-profile firms Andreesen Horowitz and Accel? Long said the company’s reputation of being customer focused is a differentiator in the industry. That both executives were successful in prior ventures didn’t hurt, either.
“Having a track record that you can walk the walk helps,” Long said. “We did it once before, and there is some credence that you can do it again.”